You have been tasked to create 3 years of accounts for your own mobile app (Start-Up business).

You are estimating and using logistical figures that would represent a ‘upcoming’ business/app.

Eg: expenses you’d have when setting up a business/app such as ‘office equip, advertising, PRSI, app development etc’.

In each year of accounts you must present in detail:

12 month Cash-flow statement

Profit and Loss A/C

Balance Sheet.

Your should create accounts that gradually increase in profit over the 4 years.

Answer rating: 100% (QA)

Year 1 Cashflow Statement Inflows Initial Investment 500000 Revenue from App Sales 50000 Outflows Ap... View the full answer